Handbook

This course is offered as part of and is required for the PhD, MPhil, Pre-Doctoral Studies Master, and Finance Honors programs. The course constructs the main theoretical foundations of asset pricing. A large emphasis is devoted to fostering our understanding of financial markets and, especially, of the role of investor preferences as a fundamental driver in the pricing of securities and investment decisions. The course covers the latest research focusing on the empirical determination and the theoretical explanation of various risk premia, such as those present in the equity, bond, and derivative markets.